The rise in the fiscal deficit, which is a reflection of the government's borrowing, was mainly on account of subdued tax collection. The revenue deficit also rose to 3.27 per cent, up from the revised estimate of 2.4 per cent of the GDP.
Special clearing (with return clearing on the same day) shall be conducted in the evening/night of March 30 and 31, with the approval of the president of the local clearing houses run by the RBI/agency bank. This measure has been taken to avoid operational convenience at the local centres so that the clearing instruments relating to government revenue received from the members of the public are realised and credited to government account by March 31, 2009.
The political war of words over Manipur intensified on Saturday with the BJP raising the incidents of atrocities against women in West Bengal and Rajasthan and questioning the 'silence' of the opposition, which termed it as a diversionary tactic to avoid debate on the situation in the north-eastern state.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
In absolute terms, the fiscal deficit, or gap between expenditure and revenue receipts, stood at over Rs 5.07 lakh crore (Rs 5.07 trillion) at the end of February, according to the data released by Controller General of Accounts on Thursday.
The court, however, stayed the order till October 13 to enable the ED to file an appeal against bail.
'Article 370 laid down the edifice of the relationship between J-K and the Union of India.' 'If you look at the Article, what is there now is a provision which states that all provisions of the Constitution of India applies to J-K.' 'The veto that the state could exercise previously on most Union laws has ended.'
Ultimately, the choice between no-cost EMI and BNPL depends on an individual's financial situation, preferences, and ability to manage repayments responsibly.
HAL helicopters will be equipped with an 'Obstacle Avoidance System' that warns pilots of any obstacles in their flight path.
The defence ministry's Controller General Defence Accounts has questioned the army for procuring ration for 14 lakh personnel during 2010-11 while its actual strength is only about 11.5 lakh.
This is slightly better than the fiscal deficit position last year when it was 85.6 per cent of the Budget target.
Bank of Baroda Q4 results: Key brokerages have raised their target prices on Bank of Baroda after the state-owned lender posted better-than-expected March quarter (Q4FY23) results. Analysts now see up to 29 per cent upside in the stock from a one-year perspective as they believe BoB is well-placed among the large public banks with nearly all key business metrics moving closer to the top-tier banks. Valuations, too, remain attractive despite steady strong quarterly performances.
Fiscal deficit has come down by over 34 per cent to Rs 53,235 crore (Rs 532.35 billion) in the first half of 2004-05 mainly due to government's expenditure control measures and higher tax mop up.
A thorough probe is underway, none of the authorities has so far talked about any possibility of a sabotage.
The Centre's fiscal deficit for the first two months (April-May) of the current fiscal has increased to Rs 90,758 crore, which is 27.3 per cent of the Interim Budget estimate, according to the Controller General of Accounts data released on Tuesday. The Budget estimate for the fiscal deficit in the year 2009-10 is Rs 3,32,835 crore.
With the BCCI threatening to call off the ongoing series between India and New Zealand, the Justice R M Lodha led panel on Tuesday clarified that they didn't direct the banks to freeze the accounts of the Board and it should carry on with its routine expenses. Fuming at the defiance of its recommendations, the Supreme Court-appointed Lodha panel had "directed" banks, where BCCI holds accounts, not to disburse "large" funds to the state associations, a decision taken by the Board at its Special General Meeting on September 30.
The Drugs Controller General of India, the apex drug regulator, has included a new clause in the trial approval letters, making these firms also accountable for any possible adverse event.
Sun Pharmaceutical Industries (Sun Pharma) reported a turnaround in the January-March quarter of the 2022-23 financial year (Q4FY23), declaring a profit after tax (PAT) of Rs 1,984 crore versus a loss of Rs 2,277 crore in Q4FY22. However, that loss in FY22 was due to several exceptional one-time items -- with Rs 3,723.15 crore allocated to settlement of lawsuits in the US and other Exceptional Items adding up to Rs 3,935.75 crore. Adjusted for exceptional items, PAT in Q4FY22 amounts to Rs 2,155 crore, which is a year-on-year (YoY) growth of about 36 per cent.
The government's fiscal deficit during 2011-12 worked out to be 5.7 per cent of the GDP, lower than 5.9 per cent projected in the revised estimates in the Budget.
In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the Reserve Bank of India has declined to make exceptions on certain aspects, and has offered some leeway on others. The country's largest private sector lender, which is aiming to conclude the merger with the home finance major by July, had written to the central bank seeking certain forbearances after announcing the $40-billion merger in April last year. In an exchange filing this evening, HDFC Bank said it received a response from RBI on Thursday and also said that there are a few pending issues.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
The competition for the worst or most perilous 10 years has always been between the 1960s and the 1980s, points out Shekhar Gupta.
India on Monday launched 'Operation Kaveri' to evacuate its nationals from violence-hit Sudan.
The Supreme Court on Tuesday refused to interfere with the Bombay high court order granting bail to former Maharashtra home minister Anil Deshmukh in a money laundering case.
The Supreme Court on Thursday directed rival groups Shiromani Gurdwara Parbhandhak Committee and Haryana Sikh Gurdwara Management Committee to maintain status quo on the management control of Gurdwaras in Haryana till further orders and directed the state government to take all steps to maintain law and order.
Is the curated and limited data put out by the central government sufficient enough to pass a judgement on the trend in GST collections, particularly that of the Centre?
Citing various aspects, the forum has appealed to the DGCA to "withdraw the harsh punishment and suspension of the PIC". it said.
A bench comprising Chief Justice Uday Umesh Lalit and Justice Bela M Trivedi said it was sitting in a combination of two and according to a reference order on the matter, it should go before a bench of three judges for disposal.
Image used for representational purpose only. Photograph: Jayanta Dey/Reuters The Congress also said demonetisation has come a full circle and added that the Rs 2,000 note was a "band-aid to cover up the foolish decision of demonetising" Rs 500 and Rs 1,000 notes.
Thirty-seven-year-old Indian-American physician Vivek Hallegere Murthy has been confirmed as the 19th surgeon general of America by the United States senate. He is youngest person and first person of Indian-origin to hold the post.
The much speculated expansion of the Uttar Pradesh cabinet will take place on Thursday. Chief Minister Aklhilesh Yadav, who gave indications to that effect on Tuesday, is all set for enlarging the size of his 56-member council of ministers.
Bajirao, an unorthodox leader, faced much opposition during his lifetime from the Brahmins of Pune. In the last hundred years or so, he has been ignored due to caste politics in Maharashtra where he has become a 'non person' for having been born a Brahmin, says Colonel Anil A Athale (retd).
Excise collections for April have been badly hit, resulting the fiscal deficit touching 16 per cent of target in the very first month itself, which could douse expectations of interest rate cuts.
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
The affidavit was filed in response to a petition seeking a direction to declare the PM CARES Fund a 'State' under the Constitution to ensure transparency in its functioning.
To consider Pervez Musharraf a real force for peace is an absurdity, declares Ambassador T P Sreenivasan.
Given the uncertain macroeconomic conditions, most brokerages have turned slightly cautious on the pace of growth in State Bank of India's (SBI's) earnings going ahead. While they don't see any significant risk arising for now, its sheer balance sheet size and systematic importance has nudged them to cut earnings estimates for fiscal year 2023-24 (FY24) and 2024-25 (FY25) up to 5 per cent. India's largest state-owned bank, on Thursday, reported standalone net profit of Rs 16,694.51 crore for Q4FY23.
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